Historical Resolution Tracking Feature » 2000-06-06 - Disbursement and Check Signing Authority
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2000-06-06 - Disbursement and Check Signing Authority
Board authorizes key officers to authorize disbursements of the Corporation's funds and sign checks within specified parameters.
- None
- Responsible entity: None
- Due date: None provided
- Completion date: None
RESOLVED [00.35] that the Vice President and General Counsel, Louis Touton, and the Chief Financial Officer, Andrew McLaughlin, and each one of them, may authorize disbursements of the Corporation's funds, and sign checks of the Corporation, in amounts of $10,000 or less.
FURTHER RESOLVED [00.36] that the President of the Corporation, Michael Roberts, may authorize disbursements of the Corporation's funds, and sign checks of the Corporation, in amounts of $50,000 or less.
FURTHER RESOLVED [00.37] that the President of the Corporation, Michael Roberts, may authorize disbursements of the Corporation's funds, and sign checks of the Corporation, in amounts exceeding $50,000, when so authorized by action of the Board or the Executive Committee.
FURTHER RESOLVED [00.38] that the Vice President and General Counsel, Louis Touton, may authorize disbursements of the Corporation's funds, and sign checks, in amounts not exceeding $20,000, to the order of the Darwin Group, Inc., that fulfill the terms of the professional services contract between the Corporation and the Darwin Group for the services of Michael Roberts.
FURTHER RESOLVED [00.39] that the authorizations to disburse funds and to sign checks as set forth in Board resolutions 98.12, 99.7 and 99.59 shall cease to be effective as of the adoption of this resolution.
- The resolution does not address funding for the items identified therein.